• Solana price scored a mild 2% gain to reclaim $137 in the early hours of Thursday amid a run of 24% losses since the start of the week. 
• Derivatives trading platform DTCC has filed to lose Solana futures ETF, subject to US SEC approval. 
• With SOL price still pressing against the lower Bollinger Band indicator, bears could push for more downswings.

Solana (SOL) price edges higher and trades near $140 at the time of writing on Thursday after tumbling from $172 to $134 this week as FTX estate’s impending token unlock looms ahead despite early gains from a new SOL Exchange Traded Fund (ETF) listing.

Solana price holds $130 support as sell-side pressure cools

Solana has been among the hardest-hit top 10 cryptocurrencies this week, with sustained selling pressure driving prices from Sunday’s close of $172 to a local bottom of $134 on Wednesday.

The dramatic drop coincided with growing concerns over the impending FTX estate unlock, which is expected to inject additional supply into the market, amplifying downward pressure on SOL.

Solana price action | SOL/USDT 

Further compounding bearish sentiment, US President Donald Trump’s new tariffs on foreign imports have reignited macroeconomic fears, prompting a broader risk-off approach across financial markets, including the cryptocurrency sector. The combination of these headwinds saw Solana endure one of its steepest weekly corrections in months.

However, Thursday brought a momentary reprieve. Following news of DTCC’s listing of Solana futures ETFs, SOL recovered by nearly 2%, stabilizing around $137.

While this suggests that some buyers are stepping in at current levels, the sustainability of this recovery remains uncertain, especially as broader market conditions continue to weigh on investor sentiment.

DTCC lists first Solana futures ETF

The recent listing of Solana futures ETFs by the Depository Trust & Clearing Corporation (DTCC) injected fresh optimism into the market, potentially influencing Solana’s mild rebound on Thursday.

The newly listed products — Volatility Shares 2x Solana ETF (SOLT) and Volatility Shares Solana ETF (SOLZ) — represent the first structured investment vehicles designed to offer exposure to Solana’s futures market.

Adding to DTCC’s platform signals that these ETFs are eligible for clearing and settlement through the US financial system’s central infrastructure is an essential step for institutional adoption.

However, the listing does not equate to the US Securities and Exchange Commission (SEC) approval, leaving regulatory uncertainty as a lingering risk.

DTTC files to list Solana futures ETF, Feb 2025 | SEC.gov

Volatility Shares, a firm specializing in exchange-traded funds focused on volatility-driven strategies, had initially filed with the SEC last December for three Solana-related ETFs.

Besides the two listed on DTCC, the firm also seeks approval for an inverse Solana ETF (-1x Solana ETF), which would provide inverse exposure to Solana’s futures market, benefiting when SOL prices decline.

The move sparked speculation, given that, at the time of filing, no Solana futures contracts were available on Commodity Futures Trading Commission (CFTC)-regulated exchanges.

However, Bloomberg ETF analyst Eric Balchunas noted that the listing strongly indicated that future contracts for Solana were on the horizon.

The timing of this development is critical, as Solana’s market remains vulnerable to downside risks. Should regulatory clarity emerge and the broader market sentiment improve, these ETFs could provide an alternative investment avenue, potentially boosting institutional participation and stabilizing SOL’s price.

For now, Solana traders will be watching whether the ETF news translates into sustained demand or if selling pressure resumes, testing key support levels below $135.

Solana price forecast: $130 breakdown risks persist as bears remain dominant

Solana price hovers at $139.71 after a 3.24% rebound, but the broader trend remains bearish.

The 12-hour chart shows SOL extending its descent beneath the mid-Bollinger Band ($161.88), reinforcing downside risks. Price action has consistently clung to the lower band ($132.18), suggesting sellers maintain control.

If bears breach this level, SOL could spiral toward the psychological $130 support, opening the door to deeper losses.

Solana price forecast

The MACD indicator confirms the bearish outlook, with both the MACD line (-13.96) and signal line (-11.76) steeply negative, indicating sustained downward momentum.

The histogram’s deep red bars show growing selling pressure, aligning with SOL’s failure to reclaim key resistance.

While the Parabolic SAR dots above price action at $167.29 signal an entrenched downtrend, a potential bullish reversal hinges on a decisive close above the mid-Bollinger Band.

For buyers, reclaiming $150 would weaken bearish dominance.  A move above $161.88 could spark renewed confidence, challenging the upper Bollinger Band at $191.58. However, until SOL breaks its current downtrend structure, risks of a $130 breakdown remain elevated.
 

Investors could become millionaires if they invest $1,000 in DOGE at the current price, and Dogecoin will eventually repeat its history. 

Dogecoin (DOGE) has continued to hover around bearish territory after slumping from its multi-year peak of $0.47, registered on December 9, 2024. Since then, DOGE has struggled to regain momentum, trading below the $0.30 mark over the past few weeks. 

Investors Still Bullish Despite DOGE Underperformance 

Notably, DOGE extended the downtrend below the $0.21 region after Bybit revealed hackers drained over $1.4 billion from one of its cold wallets. This unfortunate incident crashed the price of DOGE to a low of $0.197 on February 26, 2024. DOGE is down 36.7% month-to-date (MTD) and 12.2% in the past week. 

However, investors have remained unshaken by DOGE’s recent dip, with many citing its historical surge as a testament to its growth prowess. 

DOGE Price If It Repeats History 

For context, data from CoinMarketCap shows that DOGE is up 285,200% from an all-time low (ATL) of $0.00008547, registered on May 7, 2015. This surge is attributed to multiple endorsements DOGE received from prominent figures, including Tesla CEO Elon Musk. 

With many projecting that Dogecoin could repeat history, we explored how much an investment of $1,000 would be worth if DOGE’s price rises 285,200% from its current price. 

DOGE is currently trading at $0.20, with its market cap at $30.2 billion. Should Dogecoin repeat history and experience another 285,200% rally from its current price, it would surge to approximately $695. 

This would potentially take Dogecoin’s market cap to $103.27 trillion, surpassing the valuations of Bitcoin and other traditional financial instruments like gold and silver.  

Value of $1,000 Investment in DOGE Today If Price Rises to $695  

Notably, an investment of $1,000 will procure 4,105 DOGE tokens at the current price. This investment will soar tremendously if Dogecoin eventually repeats history, potentially soaring 285,200% to hit $695. 

At a hypothetical price of $695, a portfolio of 4,105 DOGE worth $1,000 today will be valued at $2.85 million. 

Meanwhile, the chances of DOGE repeating history and soaring 285,200% to an audacious target price of $695 is minimal. This is because the historical performance of an asset does not guarantee future returns. Also, DOGE’s hefty circulating supply of 148.15 billion tokens could undermine the success of this feat. 

In the meantime, analysts are yet to predict whether DOGE could hit this ambitious target in its lifetime. Hence, it is imperative to tread carefully, as this analysis is for informational purposes.